5 Written questions
5 Matching questions
- Any person who does not have a Social Security number should apply for one using
- Accounts payable
- Disbursement journals must show
- Accounts receivable ledger
- a - Every amount paid out.
- Date and check number.
- Purpose of the payment.
- b A record or notation of an occurrence, transaction, or proceeding.
- c SS-5 form.
- d Debts incurred and not yet paid.
- e provides information about the amounts owed to the physician.
5 Multiple choice questions
- a federal system of old age, survivors, disability, and hospital insurance. Rate is 6.2 % for employees and employers.
- Total earnings of the employee
Number of withholding allowances claimed
Marital status of the employee
Length of the pay period involved
- Method of accounting in which income is recorded when earned and expenses are recorded when incurred.
- Auto expenses, dues and meetings, equipment, insurance, medical supplies, office expenses, printing, postage and, stationary, rent and maintenance, salaries, taxes and licenses, travel and entertainment, utilities, miscellaneous, personal withdrawals.
- monthly and annually
5 True/False questions
Three types of accounting systems → a single-entry or double-entry system
Bookkeeping → Enter all charges and receipts immediately in the daily record or journal. Post all cahrges and receipts to the patient ledger daily. Do not erase, write over, or blot out figures.
Annual Returns → Form W-2 and Form W-3
Trial balance → A method of checking the accuracy of accounts.
Trial balance → should be done once a month after all posting has been completed and before the monthly statements are prepared. The purpose of process is to disclose any discrepancies between the journal and the ledger.